Currently a mixed use property consisting of 10 residential units and two commercial units. Under current zoning a total of 33 units can be built. If you utilize Density Bonus regulations current zoning allows up to 66 residential units and commercial. Total square footage of improvements would be 39,648 and project could be built up to 200 feet in height. The Density Bonus is permissible as long as 2 units are designated for very low income (30-55% of the median income) plus all current units which are low income be replaced in the new development as low income units. For example, if it is determined that the seven residential units are low income. Then these units would be replaced as 7 low income units in the new project. The very low and low income units are deed restricted for 55 years.